Hi Trish!
This is my first FE, too. For starters, go to the
DCL FAQ thread that is a "sticky" at the top of the Cruise Board. There are a few threads linked through there describing the basics of FE.
From what I can tell (and everyone - please feel free to add or correct my info) you can either do a small goody bag per cabin, or you can do something small for each cruiser. When I send out the final FE list, you will be able to see how many cruisers are in each room.
You will hang your Fish Extender on your Fish outside your room the first day of the cruise and leave it there for the duration of the cruise. At a time of your choosing, you will distribute your FE gifts to your fellow cruisers. There is no set day or time. So, you will also receive gifts from your fellow cruisers throughout the cruise. Someone somewhere on here described it as kind of like a secret santa for disers.
The gift you give can be anything you want. There are lots of threads where people share pictures of what they gave and/or what they got. Some people put a lot of time and effort into their gifts. But please don't feel like you have to go completely overboard. We do this as a simple fun exchange. We don't want to leave anyone out just because some of us are less artistically talented or creative than others.
As far as special notes - someone asked me to note that she and her friend are both Diabetics. I plan to note that I am severly allergic to Latex (rubber bands, balloons, etc can cause problems.) Others have shared with me their child's favorite character. Again - there are no hard and fast rules.
I hope you will join us in our FE!